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What to watch: EIA Gas & EU Product Stocks

ENERGY


  • Insights Global will update the European oil product data with last week’s data showing Gasoil inventories (incl. heating oil and diesel) in the ARA region at just 1.50m mt compared to a 5-year average of 2.58m mt.
  • The EIA weekly gas inventory data for the week ending 8th July is due for release at 15:30BST this afternoon. The expectation is for a build of 58bcf compared to a 60bcf build last week and a seasonal normal build of 52bcf. Total storage is currently 2,311bcf which is still 12% below the seasonal average despite higher than average stock builds at the end of June.

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